ramkrishna forgings Limited announced that its Board of Directors has approved the re-appointment of Mr. Naresh Jalan as Managing Director of the company. The decision was taken during the Board meeting held on 1 May, 2026, pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The re-appointment is based on the recommendation of the Nomination and Remuneration Committee.

Re-appointment Details

Mr. Naresh Jalan (DIN: 00375462) has been re-appointed as Managing Director for a period of 3 years with effect from 5 November, 2026. The appointment is subject to approval by the shareholders at the 44th Annual General Meeting of the Company. The company has confirmed that Mr. Jalan is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

Director Profile and Experience

Mr. Jalan possesses more than 27 years of experience in the forging industry. Under his leadership, the company has established itself as the second largest forging player in India in terms of revenue. The company is recognized as a premium supplier across key sectors including Automotive, Farm Equipment, Oil & Gas, Power, Earth Moving, Mining, Construction, and General Engineering.

Family Relationships

The disclosure reveals that Mr. Naresh Jalan has family relationships with other directors on the board. Mr. Mahabir Prasad Jalan, who serves as Non-Executive Non Independent Director, is his father. Mr. Chaitanya Jalan, Whole-time Director, is his son. These relationships have been disclosed as required under the applicable regulations.

Ramkrishna Forgings Limited has filed its statement of deviation or variation in fund utilization for the quarter ended 31st March 2026, as mandated under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that there are no deviations in the utilization of funds raised through preferential issues during the reporting period. The statement, submitted to both BSE Limited and National Stock Exchange of India Limited, was signed by Rajesh Mundhra, Company Secretary & Compliance Officer.

Fund Raising Activities Overview

The monitoring report covers two distinct fund raising initiatives. The first involves 34,00,000 convertible warrants issued during January 2026, while the second relates to equity share conversions from an earlier warrant issue.

Warrant Conversion Activity

The second component addresses the conversion of warrants from an earlier issue, generating proceeds for the company during the reporting quarter.

Fund Utilization Pattern

The monitoring agency confirmed that all funds were utilized in accordance with the stated objectives outlined in the offer documents. The primary utilization was directed towards working capital loan repayment.

Key Utilization Highlights:

• Rs. 49.98 crore from new warrants utilized for working capital repayment
• Rs. 100.80 crore from warrant conversions applied for working capital repayment
• No deviations from stated objectives recorded
• All fund deployment aligned with regulatory disclosures

Compliance and Monitoring

India Ratings & Research Private Limited, serving as the monitoring agency, reported no deviations from the stated objectives. The audit committee and auditors provided no adverse comments on the fund utilization.